Development finance institutions have not extended openness and transparency to high-risk projects financed through their financial intermediary clients. Oxfam has outlined a suggested framework, Open Books for High-Risk Financing, which proposes a set of principles to systematize and enhance disclosure in financial intermediary lending.
After years of campaigning by Oxfam and others, the International Finance Corporation announced it will require new financial intermediary clients to publicly disclose their links to coal and will work with them to reduce and potentially drop these investments.
